A Fluor-led (NYSE: FLR) consortium will continue to help manage the Department of Energy’s Savannah River Site in South Carolina under a $1.8B contract extension. Fluor will record its share of the contract funds in fiscal 2019 third-quarter financial report, the company said Wednesday.
Savannah River Nuclear Solutions manages the cleanup of facilities, wastes and materials used in nuclear weapons production during the Cold War. SRNS has supported site operations since 2008. The extended contract has a base period of 14 months along with two additional one-year options.
“We are pleased that the Department of Energy has confidence in our performance and ability to deliver on the important work that is under way at the site,” said Tom D’Agostino, president of Fluor’s government business and a 2019 Wash100 Award awardee.
The Savannah River complex houses a federally funded research and development center and maintains items that support U.S. nuclear non-proliferation efforts.